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Ralph’s Blogs

Homebuilder Sentiment Rises

According to the National Association of Homebuilders, U.S. homebuilder sentiment has turned more positive. This could play-out significantly in the current market, bringing some relief to the inventory-starved real estate market. The report from the National...

Where the Money Is and Isn’t

The National Association of Realtors® reported 23 metro areas in the second quarter saw double-digit increases in the median home prices, and overall, there were slightly more rising markets in the second quarter compared to the first quarter. ■  For the second...

New Job Openings Hit a New Record

According to the Labor Department’s Job Openings and Labor Turnover Survey, the U.S. reported a record 6.2 million job openings posted at the end of June 2017. This is clearly a good sign that employers are looking to expand their operations. Broken out, the number of...

NJ Best School Districts

Niche.com has published New Jersey's the best school districts. According to this recent list, the Princeton school district ranks number one in the state and while ranking 14th in the entire country. In calculating these results, Niche examined data from the U.S....

Lux Market Sales Surges 22 Percent

Optimism + Demand + Low Mortgage Rates = Strong Sales Redfin reported last week that, “Luxury sales were strong. Sales of homes priced at or above $1 million were up 22.2% from a year ago, while sales of homes priced at or above $5 million were up 19.6%. The strong...

Mortgage Apps Fall

Mortgage applications slide 2.8%, even as interest rates stay low. There are 3 metrics that many real estate professionals look to when determining supply and demand of the market center around mortgages. This past week the Mortgage Bankers Association reported that...

Existing Homes Supply Hits 35-Year Low

The U.S. Census reported that the supply of existing homes is at the lowest level since 1982. Specific Facts For today's homebuyer, high prices and low inventory are limiting the number of units sold in most markets. Buyers for the month of June continued to request...

Housing Starts Bounce in June

Confidence Fueling Housing Starts Housing starts bounced back in June, according the U.S. Government. The figures point to the unrelenting buyer demand to meet housing shortages across the country. The report show that starts rebounded from May’s drop as residential...

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